Deere & Company.

Deere & Company, Moline, Ill., plans to build a new tractor factory in Brazil--a move that will increase the company's manufacturing capacity for farm tractors, combines and seeding equipment in the growing South American agricultural equipment market. Deere will invest $80 million to construct the new facility in Montenegro, Rio Grande do Sul. "John Deere continues to strengthen its presence in markets across the globe," said Robert W. Lane, chairman and CEO. "This new factory will enhance our ability to serve customers in the important agricultural markets of South America." The new facility will manufacture farm tractors while Deere's existing factory in Brazil will focus on combines and planting equipment.